Business of Law

  • May 7, 2009

    Gardere Wynne Latest To Cut Associate Pay

    Texas firm Gardere Wynne Sewell LLP has reduced associate salaries, arguing that paying newly minted lawyers $160,000 in the current economic climate “doesn’t make sense.”

  • May 7, 2009

    Jump In Corporate Counsel Spending On Way: Study

    After a rough start to 2009 for the legal industry, a new survey of Fortune 1000 companies' in-house counsel reveals signs of hope, projecting a 5.1 percent increase in corporate spending on outside counsel over the next six months.

  • May 6, 2009

    Fenwick & West Corporate Lawyers, Others Laid Off

    In the latest round of law firm layoffs, Fenwick & West LLP has confirmed it is cutting 22 positions, and Pennsylvania-based Eckert Seamans Cherin & Mellott LLC plans to let go of up to 119 temporary lawyers starting in July.

  • May 6, 2009

    Report Urges Big Firms To Cut Even Deeper

    Large law firms have already taken widespread cost-cutting measures in the past year and may hesitate to take any more, but deeper, sustained cost cuts are the best way to attain previous profitability levels, a new report says.

  • May 5, 2009

    ABA Lobbies High Court On Attorney-Client Privilege

    The American Bar Association has requested that the U.S. Supreme Court rule that litigants have an immediate right to appeal court rulings that they have waived attorney-client privilege and that compel them to disclose the otherwise privileged documents.

  • May 5, 2009

    Lowenstein, Ravin Settle $42M Poaching Spat

    After three weeks at trial in a New Jersey court, Lowenstein Sandler PC has reached a deal with now-defunct Ravin Sarasohn Cook Baumgarten Fisch & Rosen PC in a $42 million suit alleging that Lowenstein poached 15 attorneys from Ravin Sarasohn in 2000.

  • May 6, 2009

    Kirkland Nabs Former Deputy AG Mark Filip

    Kirkland & Ellis LLP has snagged one-time district judge and former Deputy U.S. Attorney General Mark Filip, who joins as a partner in the firm's litigation practice.

  • May 4, 2009

    High Court Reverses Andersen Arbitration Ruling

    The U.S. Supreme Court ruled Monday that a litigant who is not party to an arbitration agreement can appeal a federal court decision refusing to stay the litigation pending arbitration, reversing an earlier appeals court ruling and remanding the case brought by defunct accounting firm Arthur Andersen LLP for a further review.

  • May 4, 2009

    High Court Nixes Appellate Jurisdiction Ruling

    The U.S. Supreme Court ruled Monday that a district court order remanding a case to state court based on a refusal to assume supplemental jurisdiction is not a remand for lack of subject matter jurisdiction, and is therefore subject to appellate review.

  • May 4, 2009

    Seyfarth Shaw Cuts 50, Reduces Associate Salaries

    Instituting just about every cost-cutting measure used by law firms in recent months in one fell swoop, Seyfarth Shaw LLP has cut 50 employees, reduced salaries for associates, deferred start dates for the incoming class to 2010 and shortened its summer associate program.

  • May 12, 2009

    Lawyers Turn To Cooperation To Cut E-Discovery Cost

    As the cost of electronic discovery continues to make litigation ever more expensive, lawyers from both sides of the bar are working to promote an attitude of cooperation they say is necessary to serve clients and achieve justice.

  • May 1, 2009

    Network To Help Female Partners Lure Clients

    A legal consulting firm has launched a professional network for female partners to assist them in luring clients in what many still consider to be a male-dominated profession.

  • May 1, 2009

    McGuireWoods, GMR Seal Merger Deal

    Just over a month after announcing plans to merge, McGuireWoods LLP and London-based international law firm Grundberg Mocatta Rakison LLP have finalized their agreement following unanimous approval of the deal from both firms' partnerships.

  • June 15, 2009

    Rule Changes Would Limit Time Spent On Experts

    By the end of next year, discovery of draft expert reports could be prohibited in federal cases, and deposition questions about communications between expert witnesses and attorneys could be limited, under proposed changes to Rule 26 of the Federal Rules of Civil Procedure moving toward implementation.

  • May 1, 2009

    Squire Sanders Cuts 32, Slashes Associate Pay

    Squire Sanders & Dempsey LLP on Friday cut 32 attorneys from its global practice and cut first-year associates' pay by 10 percent, following a growing trend of major firms setting more frugal limits in staffing and salary in order to withstand financial pressures.

  • May 4, 2009

    If I Were Obama, I'd Nominate ...

    We asked the leaders of appellate teams at top law firms to name the candidate for the U.S. Supreme Court they'd pick if they were President Obama.

  • May 27, 2009

    Top 5 Recession Lessons For Law Firms

    Though the economy looks to be gaining strength, law firms would be wise to pay attention to some of the lasting lessons of the crisis and not return to their old ways once they have fully recovered, legal experts say.

  • May 15, 2009

    Recruiters' Survival Tips For Associates

    As firms wrestle with whether or not to engage in more layoffs, Law360 talked to a number of recruiters who shared their best tips on how to survive and thrive as the economic crisis continues to grip BigLaw.

  • May 1, 2009

    Skadden Nixes Counsel Raises For '09

    Counsel at Skadden Arps Slate Meagher & Flom LLP received a memo recently titled "Compensation," which disabused them of any notions that they might receive a salary increase in 2009.

  • May 8, 2009

    Billable Hour Leaves Firms Vulnerable To Attack

    Some clients, more leery than ever of being overcharged, have taken to the courts recently with overbilling suits against major law firms. But legal experts differ as to whether more firms will be targeted overall.